ERISA - The Employee Retirement Sample Clauses

ERISA - The Employee Retirement. Income Security Act of 1974, as amended and any successor statute.
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ERISA - The Employee Retirement. Income Security Act of 1974, as amended. Reference to any section or subsection of ERISA includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection.
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ERISA - The Employee Retirement. Income Security Act of 1974 and all rules and regulations promulgated thereunder.
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ERISA - The Employee Retirement. Income Security Act of 1974 ----- as it may from time to time be amended, supplemented or otherwise modified, or any successor statute, and the rules and regulations promulgated thereunder.
Sample 1
ERISA - The Employee Retirement. Income Security Act of 1974, as amended from time to time. ERISA AFFILIATE - any Person described in section 4001 (b)(l) of ERISA with respect to Borrower or any Subsidiary, excluding, however, Lender and Persons that would not be ERISA Affiliates of Borrower or any Subsidiary but for the fact that Lender or any transferee(s) thereof are owners of equity Securities in Borrower. EVENT OF DEFAULT - as defined in Section 8.1. EXCHANGE ACT - the Securities Exchange Act of 1934, as amended and any successor statutes. EXECUTION DATE - the date on which this Agreement becomes executed by both Borrower and Lender. FIXED CHARGE RATIO - the ratio of [historical EBIDA for the previous four quarters, less capital expenditures authorized herein (excluding capital expenditures made in 2004 and 2005 for SHR's de-bottlenecking project and those also made in connection with the Penreco PA), and less operating income or losses and less losses related to the foreclosure by Mexican based lenders against the assets of Coin] to [current maturities on long-term debt, plus current 12 month scheduled payments on capital leases, plus budgeted capital expenditures, plus Distributions authorized herein, plus scheduled interest expense for term debt on a prospective basis for the ensuing four quarters, plus interest expense on revolving debt and/or all fees, charges, and other costs paid in connection with the factoring of Accounts Receivable that are equal to the amounts used in the numerator], all as determined on a "rolling or trailing four (4) quarter basis." All items in the first set of brackets shall constitute the numerator and all of the items in the second set of brackets shall constitute the denominator for purposes of calculating this ratio. Exhibit "A" attached hereto contains an example of the manner in which the Fixed Charge Ratio is determined. FORCE MAJEURE - acts of God, strikes, lock-outs, industrial disturbances, acts of the public enemy, wars, blockades, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, storms, floods, wash-outs, tornadoes, hurricanes, windstorms, arrest and restraint of rulers and people, civil disturbances, boycotts, explosions, breakage or accident to machinery or equipment, and any other causes similar to those above, which are not within the reasonable control of the party claiming force majeure, and which by the exercise of due diligence such party is unable to overcome. FUNDED DEBT - when determined, the following,...
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ERISA - The Employee Retirement. Income Security Act of 1974, as the same ----- may be amended, from time to time. Executive Management - The chief executive officer and chief financial -------------------- officer of TWI. Event of Default - Section 8.1. ---------------- Expenses - Section 10.5. -------- Facility Fee - Section 2.6(a). ------------ Federal Funds Rate - The daily rate of interest announced from time to time ------------------ by the Board of Governors of the Federal Reserve System in publications H.15 as the "Federal Funds Rate." Foreign Subsidiaries - TeleSpectrum Worldwide (Canada), Inc. and Tarp -------------------- (Europe) Limited.
Sample 1
ERISA - The Employee Retirement. Income Security Act of 1974. Event of Default - as defined in Section 12. Exchange Act - the Securities Exchange Act of 1934, as amended. Excluded Tax - Tax on the overall net income or gross receipts of Lender imposed by the jurisdiction in which Lender's principal executive office is located. Existing Subordinated Debt - the Subordinated Debt owing by Borrower to Parent Guarantor.
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Related to ERISA - The Employee Retirement

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:

  • Pre-Retirement Counseling Leave ‌ After reaching earliest retirement age, each employee shall be granted up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement counseling programs. Employees shall request the use of leave provided in this Article at least five (5) days prior to the intended date of use. Authorization for use of pre-retirement counseling leave shall not be withheld unless the Appointing Authority determines that the use of such leave will handicap the efficiency of the employee's work unit. When the dates requested for pre-retirement leave cannot be granted for the above reason, the Agency shall offer the employee a choice from three (3) other sets of dates. The leave herein discussed may be used to investigate and assemble the employee's retirement program, including PERS, Social Security, insurance and other retirement income.

  • Termination of Employee Plans The Company shall have provided Parent with evidence, reasonably satisfactory to Parent, as to the termination of the benefit plans referred to in Section 5.10.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Pre-Retirement Death Benefit 4.1 (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

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